| Product Code: ETC8842776 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The heavy commercial truck import market in the Philippines continues to thrive with Japan, China, Hong Kong, Netherlands, and Belgium emerging as the top exporting countries in 2024. Despite the high Herfindahl-Hirschman Index indicating market concentration, the industry shows robust growth with a remarkable compound annual growth rate (CAGR) of 54.02% from 2020 to 2024. The growth momentum is further highlighted by an impressive growth rate of 80.92% from 2023 to 2024, reflecting the sustained demand for heavy commercial trucks in the Philippine market.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Heavy Commercial Truck Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Heavy Commercial Truck Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Heavy Commercial Truck Market - Industry Life Cycle |
3.4 Philippines Heavy Commercial Truck Market - Porter's Five Forces |
3.5 Philippines Heavy Commercial Truck Market Revenues & Volume Share, By Truck Type, 2021 & 2031F |
3.6 Philippines Heavy Commercial Truck Market Revenues & Volume Share, By Class, 2021 & 2031F |
3.7 Philippines Heavy Commercial Truck Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.8 Philippines Heavy Commercial Truck Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Philippines Heavy Commercial Truck Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Infrastructure development projects in the Philippines leading to increased demand for heavy commercial trucks. |
4.2.2 Growth in e-commerce and logistics sectors driving the need for efficient transportation solutions. |
4.2.3 Increasing urbanization and industrialization boosting the demand for heavy commercial trucks. |
4.3 Market Restraints |
4.3.1 Fluctuating fuel prices impacting operational costs for heavy commercial truck operators. |
4.3.2 Regulatory challenges and compliance requirements affecting the market dynamics. |
4.3.3 Economic uncertainties and currency fluctuations influencing purchasing decisions. |
5 Philippines Heavy Commercial Truck Market Trends |
6 Philippines Heavy Commercial Truck Market, By Types |
6.1 Philippines Heavy Commercial Truck Market, By Truck Type |
6.1.1 Overview and Analysis |
6.1.2 Philippines Heavy Commercial Truck Market Revenues & Volume, By Truck Type, 2021- 2031F |
6.1.3 Philippines Heavy Commercial Truck Market Revenues & Volume, By Semi-Trailer Truck, 2021- 2031F |
6.1.4 Philippines Heavy Commercial Truck Market Revenues & Volume, By 18-Wheeler Truck, 2021- 2031F |
6.1.5 Philippines Heavy Commercial Truck Market Revenues & Volume, By Tanker Truck, 2021- 2031F |
6.1.6 Philippines Heavy Commercial Truck Market Revenues & Volume, By Heavy Truck, 2021- 2031F |
6.1.7 Philippines Heavy Commercial Truck Market Revenues & Volume, By Flatbed Truck, 2021- 2031F |
6.1.8 Philippines Heavy Commercial Truck Market Revenues & Volume, By Garbage Truck, 2021- 2031F |
6.1.9 Philippines Heavy Commercial Truck Market Revenues & Volume, By Panel Truck, 2021- 2031F |
6.1.10 Philippines Heavy Commercial Truck Market Revenues & Volume, By Panel Truck, 2021- 2031F |
6.2 Philippines Heavy Commercial Truck Market, By Class |
6.2.1 Overview and Analysis |
6.2.2 Philippines Heavy Commercial Truck Market Revenues & Volume, By Class 5, 2021- 2031F |
6.2.3 Philippines Heavy Commercial Truck Market Revenues & Volume, By Class 6, 2021- 2031F |
6.2.4 Philippines Heavy Commercial Truck Market Revenues & Volume, By Class 7, 2021- 2031F |
6.2.5 Philippines Heavy Commercial Truck Market Revenues & Volume, By Class 8, 2021- 2031F |
6.3 Philippines Heavy Commercial Truck Market, By Fuel |
6.3.1 Overview and Analysis |
6.3.2 Philippines Heavy Commercial Truck Market Revenues & Volume, By Diesel, 2021- 2031F |
6.3.3 Philippines Heavy Commercial Truck Market Revenues & Volume, By Natural Gas, 2021- 2031F |
6.3.4 Philippines Heavy Commercial Truck Market Revenues & Volume, By Hybrid Electric Vehicle, 2021- 2031F |
6.3.5 Philippines Heavy Commercial Truck Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.4 Philippines Heavy Commercial Truck Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Philippines Heavy Commercial Truck Market Revenues & Volume, By Agriculture, 2021- 2031F |
6.4.3 Philippines Heavy Commercial Truck Market Revenues & Volume, By Logistics, 2021- 2031F |
6.4.4 Philippines Heavy Commercial Truck Market Revenues & Volume, By Construction, 2021- 2031F |
6.4.5 Philippines Heavy Commercial Truck Market Revenues & Volume, By Mining, 2021- 2031F |
7 Philippines Heavy Commercial Truck Market Import-Export Trade Statistics |
7.1 Philippines Heavy Commercial Truck Market Export to Major Countries |
7.2 Philippines Heavy Commercial Truck Market Imports from Major Countries |
8 Philippines Heavy Commercial Truck Market Key Performance Indicators |
8.1 Average age of heavy commercial truck fleet in the Philippines. |
8.2 Adoption rate of advanced technology and telematics in heavy commercial trucks. |
8.3 Number of new entrants in the heavy commercial truck market offering innovative solutions. |
9 Philippines Heavy Commercial Truck Market - Opportunity Assessment |
9.1 Philippines Heavy Commercial Truck Market Opportunity Assessment, By Truck Type, 2021 & 2031F |
9.2 Philippines Heavy Commercial Truck Market Opportunity Assessment, By Class, 2021 & 2031F |
9.3 Philippines Heavy Commercial Truck Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.4 Philippines Heavy Commercial Truck Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Philippines Heavy Commercial Truck Market - Competitive Landscape |
10.1 Philippines Heavy Commercial Truck Market Revenue Share, By Companies, 2024 |
10.2 Philippines Heavy Commercial Truck Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |